Mid-sized metros are adding luxury depth as seven-figure listings expand beyond traditional coastal anchors in NY and California nationwide for high-end buyers. Entry-level luxury nationally reached ~$1.27M in Early-Q2, ↑~2% MoM, but remained ~2% below its yearly comparison after extended pricing softness lasting 25 mo. Transition markets showed faster scaling:...
US home prices increased by 0.4% in October compared to November and were up 7% compared to October 2022. This marks the seventh consecutive month of price increases. The lack of housing supply is seen as a bigger constraint on the market than affordability. Luxury-tier prices saw unexpected surges in price appreciation, indicating strong demand from buyers looking to trade up. Pennsylvania, Florida,...
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